Sheets Smith Wealth Management raised its stake in ARK Innovation ETF (NYSEARCA:ARKK) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,675 shares of the company’s stock after buying an additional 761 shares during the quarter. Sheets Smith Wealth Management’s holdings in ARK Innovation ETF were worth $1,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Valeo Financial Advisors LLC lifted its stake in ARK Innovation ETF by 26.0% in the third quarter. Valeo Financial Advisors LLC now owns 587 shares of the company’s stock valued at $54,000 after buying an additional 121 shares in the last quarter. Coastal Investment Advisors Inc. lifted its stake in ARK Innovation ETF by 1.8% in the third quarter. Coastal Investment Advisors Inc. now owns 7,092 shares of the company’s stock valued at $653,000 after buying an additional 127 shares in the last quarter. Essex Savings Bank lifted its stake in ARK Innovation ETF by 2.7% in the third quarter. Essex Savings Bank now owns 5,027 shares of the company’s stock valued at $462,000 after buying an additional 130 shares in the last quarter. Legacy Wealth Planning LLC lifted its stake in ARK Innovation ETF by 2.0% in the third quarter. Legacy Wealth Planning LLC now owns 7,612 shares of the company’s stock valued at $700,000 after buying an additional 150 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its stake in ARK Innovation ETF by 5.0% in the third quarter. Acorn Wealth Advisors LLC now owns 3,670 shares of the company’s stock valued at $338,000 after buying an additional 175 shares in the last quarter.

ARKK traded up $0.73 during trading on Wednesday, reaching $141.72. The company had a trading volume of 5,155,200 shares, compared to its average volume of 7,614,688. ARK Innovation ETF has a 12 month low of $33.00 and a 12 month high of $145.64. The business’s fifty day moving average price is $124.75 and its 200 day moving average price is $98.48.

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Institutional Ownership by Quarter for ARK Innovation ETF (NYSEARCA:ARKK)

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